Following in the footsteps of Tesla, On 27 May, Elon Musk announced that it aims to accept Dogecoin (DOGE) payments for the purchase of SpaceX products. Musk, who has freely shown his admiration for Doge in recent years, will soon begin taking the coin as payment for SpaceX merchandise.
Musk through his Twitter account said, “Tesla merch can be bought with Doge, soon SpaceX merch too.”
Dogecoin’s rising notoriety has been a consequence of the great help the image based token has gotten from individuals like Elon Musk, who is the Chief Executive Officer of Tesla.
The world’s most extravagant man has been a steadfast Dogecoin ally beginning around 2019. He wants to permit his extravagant realms to acknowledge DOGE installments.
Some of his pro-Dogecoin tweets have helped the cryptocurrency gain traction. Whenever he mentions the token, it tends to rise a little, and investors are always eager to profit from the buzz. This time, the cryptocurrency jumped roughly 15% after the news that SpaceX will accept Dogecoin surfaced. However, like with earlier similar increases, it quickly relinquished the majority of its gains.
DOGE’s price soared by 25% in December 2021 when Musk said that Tesla would begin taking the meme token as payment for its electric vehicles. The entrepreneur claimed at one point that he believes Dogecoin would be a superior payment option than Bitcoin or any other token.
Musk did not specify when the DOGE payment option would be made available to the general public. He also hinted that in the future, users would be able to pay for his Starlinks internet services.
SpaceX received DOGE payments for the spaceship’s lunar trip, called “DOGE-1 Mission to the Moon,” in May of last year. The entrepreneur went on to say that Dogecoin would be the first crypto asset to be launched into space.
For the time being, the company’s web store still lists things in dollars. As a result, the platform could still be working on integrating the DOGE payment method.
Despite large advertisements and considerable media attention, Dogecoin has struggled since reaching an all-time high of $0,74 in May of last year.
Read more:
Elon musk makes fun of his viral deepfake video promoting crypto scam
 payments for the purchase of SpaceX products.){kind=link}